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2015-11-16 - Agendas - Final
AGENDA ADVERTISING AND PROMOTION COMMISSION The regularly scheduled monthly A&P Commission meeting will begin with the review and award of fall 2015 funding requests at 12:30 p.m. at the Fayetteville Town Center located at 15 West Mountain Street, Fayetteville, Arkansas (Lunch will be provided to commissioners). *The general meeting will begin immediately following the funding discussion. November 16, 2015 12:30 p.m. Fayetteville Town Center 1. Call to Order— Ching Mong II. Fall 2015 Funding Discussion 111. Reports A. Approval of the Minutes—October 2015 B. Financial Report 1. HMR Revenues—Kym Hughes 2. Financial Statements— Sally Fisher 3. Approval of Financial Reports—Oct 2015 4. Delinquent tax collection efforts—Kit Williams C. Department Reports 1. Town Center—Sandra Bennett 2. Visitor Bureau—Kym Hughes 3. Clinton House Museum—Kym Hughes D. Agency Report—Mike Sells IV. Old Business V. New Business VI. Adjourn FUNDING GUIDELINES c - ADVERTISING & PROMOTION COMMISSION "A & P funds should be used as seed money and should not be considered for long term funding of special events, tourist-oriented facilities or festivals. New festivals and special events are encouraged to apply for funding. Commission support of an annual event will under no circumstances obligate the Commission to continued support for the event in subsequent years. Organizations should not assume nor budget Commission support annually. The Commission will sunset funding after three years. After receiving money for three years, events will be moved to an "Exceptions List" if the Commissioners so choose. Requests from entities on this list will be discussed separately by the Commission. It is not the intent of the Commission to fund requests that could be funded by the requesting organization." FAYETTEVILLE ADVERTISING & PROMOTION COMMISSION FUNDING GUIDELINES OPM AND INTRODUCTION, FEBRUARY FUNDING GUIDELINES Tv up ADVERTISING & PROMOTION COMMISSION All HMR funds shall be used : 1 ) For advertising and promoting the city and its environs 2) For construction , reconstruction , equipment, improvement, maintenance, repair and operation of a convention center 3) For the operation of tourism promotion facilities in the city FAYETTEVILLE ADVERTISING & PROMOTION COMMISSION FUNDING GUIDELINES AND INTRODUCTION, FEBRUARY FUNDING GUIDELINES Tv up ADVERTISING & PROMOTION COMMISSION HMR funds CAN be used : 1 ) For funding the arts 2) For operation of tourist-oriented facilities (theme parks and family entertainment facilities) 3) For construction , reconstruction , repair, maintenance, improvement, equipping and operation of public recreation facilities and for the payment of bonds FAYETTEVILLE ADVERTISING & PROMOTION COMMISSION FUNDING GUIDELINES PPW AND INTRODUCTION, FEBRUARY Organization/Event Event Date Expected Attendance Amount Requested Commission Approved Prior Awards Funding Total #of years funded 2nd Annual NWA Senior Showcase Ring Ceremony March 18, 2016 500 $5,000 $589 1 Arkansas Comedy Collective- Huge Lightning Comedy Festival May 6-7, 2016 350 $4,500 $0 0 Art Amiss 2016 Expansion Program March 31-April 2, 2016 0 $23,750 $0 0 Arts Live Theatre- Production Season Jan. -June 2016 7,000 $2,550 $8,000 5 Chilirhea Feb. 20, 2016 1,000 $11,559 $2,000 1 City of Fayetteville- Keep Fayetteville Beautiful Oct 2015 -Oct 2016 0 $8,300 $0 0 City of Fayetteville- Ladies Du Fayetteville May 16-22, 2016 300 $2,500 $0 0 Community Creative Center 2015 - 2016 9,200 $15,000 $23,000 4 Fayetteville Evergreen Cemetery Association "History Comes Alive" Sept. 10- 11, 2016 500 $7,500 $0 0 Fayetteville Underground 2016 0 $40,000 $128,000 5 FHS-Weekend of Champions May 20- 21, 2016 15,000 $14,294 $88,272 15 FHS Arkansas High School Outdoor Track State Championships May 9-10, 2016 8,000 $12,000 $2,500 2 Joe Martin -Stage Race and Gran Fondo April 21 - 24, 2016 1,100 $75,000 $56,700 12 LifeSource International - Hands of Compassion Gala April 26, 2016 525 11,000 $0 0 Northwest Arkansas Juggling Festival April 8- 10, 2016 100 $2,725 $1,000 1 Northwest Arkansas Pride 2016 June 16- 19, 2016 6,000 $10,000 $0 0 NWA Creative Arts Network- Creative Exchange Conference August 4- 6, 2016 250 $6,000 $0 0 Ozark Slow Food NWA 2016 Local Food Guide Nov 2015 - March 2016 300 $5,000 $0 0 SoNA 2015 - 16 Season Nov 2015 -April 2016 8,603 $20,000 $40,000 2 The Art Experience- Puppets in the Park Jan - Dec 2016 500 $16,895 $6,500 4 The Natural State of Health May 7, 2016 500 $2,500 $1,000 1 The Ozark Blues Society of Northwest Arkansas' 14th annual music festival - "0-1 April 2, 2016 800 $10,000 11,500 2 The Renaissance Faire of the Ozarks April 16-17, 2016 3,000 $25,000 $4,000 2 TheatreSquared - Marketing 2016 Jan - Dec 2016 19,000 $30,000 $145,000 9 Tina Oppenheimer-Community Artist TBD 0 $5,800 $0 0 WAC-Artosphere May 5- 27, 2016 40,000 $20,000 $25,000 2 122,528 $386,873 $0 $542,472 Advertising and Promotion Commission Regular Meeting October 19, 2015 Commissioners Present: Ching Mong, Matt Behrend,Tim Freeman, Robert Rhoades, Hannah Withers, Adella Gray and Matthew Petty Staff Present: Kym Hughes, Sally Fisher, Sandra Bennett Call to Order Chairman Ching Mong called the regular monthly meeting of the Fayetteville Advertising and Promotion Commission to order on October 19, 2015 at 2:19 pm. Approval of Minutes Commissioner Hanna Withers moved to approve the September 2015 minutes; seconded by Commissioner Mathew Petty. Motion carried with a vote of 7:0. Financial Reports Total HMR revenue$260,557.94 HMR collection; part of that is investment interest revenue and prior year collected. Total collected during September was$259,533.62. An increase of 11%over September 2014. Balance sheet Total cash ...............................................$539,934.66 Accounts Receivable ..............................$43,685.96—increase of$2,000.00 Prepaid expenses ...................................$9,029.21—increase of$1,000.00 Inventory Assets CVB .........................................................$8,131.51- decrease of$5,600.00 CHM .......................................................$3,365.38- decrease of $1,500.00 Total Investments .............................................................$1,844,885.39—increase of$15,000.00 Total Current Assets .........................................................$1,341,707.84—decrease of$132,934.00 Account Payable................................................................$8,171.08—increase of$1,200.00 Payroll Liabilities ...............................................................$7,751.26—increase of$364.00 increase Due to Other Funds ..........................................................$5,190.67—City Account—increase of$373.00 Unearned A&P Revenue -$1,200.00—Days Inn double payment of ad refund. Unearned Revenue 2015 .................................................$64,320.67 Unearned Revenue 2016 ..................................................$44,757.36 Net Revenue......................................................................$123,780.09 Total Liabilities and Equity ...............................................$3,797,369.85 Consolidated Statement of Budget Revenue 2015 2014 Year to Date $2,743,310.00 vs. $2,480,498.00 Month to Date $292,047.00 $312,105.00 Expenditures Year to Date $2,572,152.00 vs. $2,851,802.00 Month to Date $439,958.00 vs. $248,623.00 Revised Excess of Revenues $123,784.00 vs. ($371,304.00) A& P Revenue 2015 vs. 2014 Year to Date $2,254,134.00 $2,054,976.00 Month to Date $260,670.00 $239,958.00 Expenditures 2015 vs. 2014 Year to Date $1,965,303.00 $2,136,701.00 Month to Date $337,349.00 $149,215.00 Clinton House Museum Revenue 2015 vs. 2014 Year to Date $69,283.00 $31,390.00—includes transfer of $10,000.00 Month to Date $2,018.00 $1,308.00 Expenditures 2015 vs. 2014 Year to Date $74,529.00 $66,781.00 Month to Date $7,642.00 $6,959.00 Revised Excess of ($5,246.00) ($35,391.00) Revenue Town Center Revenue 2015 vs. 2014 Year to Date $430,069.00 $361,705.00 Month to Date $26,544.00 $63,502.00 Expenditures 2015 vs. 2014 Year to Date $463,747.00 $422,410.00 Month to Date $49,183.00 $55,872.00 Visitors Center Revenue 2015 vs. 2014 Year to Date $304,824.00 $97,427.00—includes transfer and First Thursday sponsorships. Month to Date $2,815.00 $7,337.00 Expenditures 2015 vs. 2014 Year to Date ($78,749.00) ($193,483.00) Month to Date $45,784.00 $36,577.00 Approval of financials Chairman Ching Mong moved to approve Financials; Commissioner Tim Freeman seconded. Motion carried with a 7:0 vote. City Attorney's Report 28 active hotel, motel and restaurant overdue tax collection cases for September 2015. One case was closed; Prosecutors office collected $1,296.36 in overdue HMR taxes in September. Year to date collections total $29,807.26. Departmental Reports Town Center Collections down 13% Executed Contracts up 44% Average Contract is up 14% Repairs/Upgrades Sandra Bennett, Operations Administrator reported that the damaged doors going into Ozark Room can be color matched, which means not all doors will have to be replaced. The cost of the pair of doors is$1,679.18. Ms. Bennett also mentioned the upgrade of the HVAC system and the stage needs to be replaced which will cost $30,000.00 to replace the 14 year old stage currently being used. Visitors Bureau Sales Leads Collin 2 meetings Julie 10 tours—415 attendees Total value$56,206.00 Definite Bookings Julie—4 tours—103 attendees Grand total value definite bookings—$17,665.00 Completed meetings 4 groups—block pick up 140 Total value$51,758.00 No lost business Visitors Center Inventory-5,000 items, $5,800.00 investment Current retail value $11,000.00 Clinton House Sales Comparison 2015 vs. 2014 Items sold 309 214 Total Extended Price $1,988.05 $1,823.43 There has never been a record of the cost of investment. Currently there are 5,000 items in inventory with a $13,000.00 retail value. Moving forward all costs will be recorded. Sells Agency Report Drew Finkbeiner reported they now have a sales person on staff in charge of Visitor Guide advertising space. They are shooting profiles this week and will get first draft of the guide to the Visitors Bureau staff this Friday. Pre-roll video campaign will start September 18th, Memphis,Tulsa, Dallas and Springfield. Total traffic year over year is up 220%; over 1,000 people went to the landing page. Total traffic 5,070 vs 1,573. Executive Director, Kym Hughes reported the Town Center and the Visitors Bureau will be going to digital phones in December(2015). A phone number can be assigned to a specific campaign to measure that activity. Funding From 2000 through spring of 2015 Funding, 3.3 Million has been awarded; which includes the$500,000 to the Arts Center. Public Arts Project Proposal Commissioner Withers—Would like to set up a meeting Dee Dee Peters, Community Outreach for the city and now head of the Fayetteville Arts Council, Kym Hughes and Mathew Petty to work from a counsel perspective on changing some regulations. Grace representing Vince Chadick By-Laws changes Section 5 - Public Records of Fayetteville will be changed. Commissioner Freeman moved to approve the newly written By-Laws. Commissioner Matthew Petty seconded the motion. Motion carried with a vote of 7:0. Old Business Fall Funding Requests Commissioner Withers asked all groups requesting funding to email Executive Director, Kym Hughes,their full operating budget along with the marketing budget. $254,556 was budgeted October 2014-April 2015 Awarded $164,152.00 in October $77,830.00 in April $241,982.00 refunded. Commissioner Freeman moved to adjourn the meeting, Commissioner Adela Gray seconded the motion. Motioned carried with 7:0 vote. Meeting adjourned 3:20 pm Respectfully submitted, Sandra Bennett Operations Administrator Advertising and Promotion Commission For month of October 2015 Current Year HMR Collected (2120.0912.4101.00) $ 278,308.83 Prior Year Collected (2120.0912.4101.01) $ 647.50 First Security Investment Interest Revenue (2120.0912.4708.00) $ 968.92 Total Revenues $ 279,925.25 Annual Bond Audit Expense (2120.9120.5307.00) $ (1,200.00) Collection Expense (2120.9120.5333.00) $ (5,579.13) Town Center Bond Payment (2120.9120.5739.00) $ (62,212.98) 2014 Property Taxes on Town Center (2120.9120.5345.00) $ (1,904.91) Total Expenses $ (70,897.02) Total Check to A&P $ 209,028.23 This report represents HMR collections through the end of the month. These figures may include past due amounts. I have been asked to continue sending the total amount collected each month since the detail can no longer be provided. If you would like to be removed from this list, please reply to this email and let me know. The total amount collected during the month of October was$278,956.33. This total includes previous month tax amounts that were received in September. Please remember that the amount listed represents only 1/2 of the total revenue generated. For September taxes collected in October-the Hotel/Motel collections were $38,451.88. The restaurant collections for September that were collected in October were$230,580.17 Thanks! Kristin Atha Revenue Accountant City of Fayetteville 113 W. Mountain Fayetteville,AR 72701 479-575-8287 Phone 479-575-8273 fax katha(a fayetteville-ar.gov CITY OF ITY411e www.fayettCVi I le-a F.g GV City of Fayetteville, Arkansas Monthly HMR Tax Collections 2012 - 2015 2012 2013 2013 2014 2014 2015 2015 Total Total Change Over Total Change Over Total Change Over HMR Taxes HMR Taxes Prior Year HMR Taxes Prior Year HMR Taxes Prior Year January $205,939 211 ,138 2.52% 202,477 -4.10% 236,849 16.98% February $178,289 187,562 5.20% 203,022 8.24% 219,436 8.09% March $201 ,015 213,526 6.22% 213,212 -0.15% 233,277 9.41 % April $217,840 228,865 5.06% 230,939 0.91 % 258,307 11 .85% May $203,966 228,289 11 .93% 236,098 3.42% 258,362 9.43% June $222,062 218,829 -1 .46% 243,770 11 .40% 264,979 8.70% July $214,750 227,971 6.16% 230,624 1 .16% 259,215 12.40% August $202,624 206,873 2.10% 215,802 4.32% 240,916 11 .64% September $215,653 226,103 4.85% 233,695 3.36% 259,534 11 .06% October $241 ,017 243,129 0.88% 258,857 6.47% 278,956 7.76% November $210,335 231 ,456 10.04% 252,717 9.19% December $208,518 210,064 0.74% 236,549 12.61 % Total $ $2,522,008 $2,633,805 4.43% $ 2,757,761 4.71% $2,509,831 10.64% \filename Fayetteville A&P Commission Balance Sheet As of October 31, 2015 ASSETS Current Assets Cash 10000 CVB Cash in Register 100.00 10050 TC Cash on Hand 200.00 10100 CHM Cash In Register 100.00 10200 Arvest A&P General #4856 828.50 10300 1st Security A&P#8714 132,492.14 10400 1st Security Fayetteville TC 291,491.29 10500 1st Security Clinton House 29,643.50 10600 1st Security CVB # 8730 120,609.96 10700 Arvest Payroll Account#4636 9,876.01 Total Cash 585,341.40 11000 Accounts Receivable 89,323.54 11400 Due From Other Funds 10,026.10 11500 Prepaid Expenses 9,441.89 12100 Inventory Asset- CVB 7,520.90 12150 Inventory Asset- CHM 3,334.18 13000 Investments 1,860,391.92 13100 Investments: Adjust to Market (2,640.33) Total Investments 1,857,751.59 Total Current Assets 2,562,739.60 Other Assets 14500 Capital Assets 15000 Furniture and Fixtures 34,550.01 15100 Equipment 199,231.61 15500 CVB Building 930,569.02 15510 CVB Land 198,621.00 15600 Building Additions 523,206.15 16600 Construction in Progress 9,373.80 17300 Accumulated Depreciation (506,470.00) Total Other Assets 1,389,081.59 TOTAL ASSETS 3,951,821.19 Fayetteville A&P Commission Balance Sheet As of October 31, 2015 LIABILITIES AND EQUITY Liabilities Current Liabilities 20000 Accounts Payable 4,204.99 23002 Colonial Life&Acc Ins. Payable 24.36 24000 Payroll Liabilities 7,433.86 24100 Employee Benefits Payable 1,685.15 24500 Due to Other Funds 5,579.13 24750 Unearned ABP Revenue 0.00 24900 Unearned Revenue 2015 51,245.17 24901 Unearned Revenue 2016 91,482.36 Total Liabilities 161,655.02 Equity 39005 Fund Balance 3,543,374.36 Net Revenue 246,791.81 Total Equity 3,790,166.17 TOTAL LIABILITIES AND EQUITY 3,951,821.19 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 CONSOLIDATED A& P COMMISSION 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Revenue 40000• Hotel,Motel,Restaurant Taxes 2,775,419 2,320,654 2,486,827 2,230,397 288,592 250,423 278,309 258,757 40200• PY Hotel,Motel, Restaurant Tax 0 0 23,004 38,098 (23,004) 0 648 100 40600• Rental Income 427,061 359,810 381,890 300,302 45,171 43,815 58,626 24,740 40601 -Incidentals 47,978 41,935 40,722 55,422 7,256 6,831 6,467 0 40602-Alcohol Sales 33,663 26,729 50,471 0 (16,808) 3,159 10,023 0 40700• 1st Thursday Income 20,000 20,000 16,856 18,506 3,144 2,000 15 1,991 40800•Other Income 200 150 12,328 10,971 (12,128) 0 0 150 40900-Roots Festival 0 0 0 15,265 0 0 0 0 41000• Parking Revenue 16,936 13,047 12,190 10,112 4,746 0 975 0 41001 Parking Lease 12,831 10,406 19,814 6,453 (6,983) 250 5,584 250 41200 Gift Shop Sales 6,150 5,750 5,375 5,684 775 200 435 482 41300•Visitor Store 32,000 28,000 22,370 30,061 9,630 2,000 1,937 2,901 41400• Partership Income 4,000 4,000 1,950 2,125 2,050 0 300 1,275 41600•Admission Revenue 13,150 12,450 14,893 13,535 (1,743) 1,000 1,485 2,749 41700• Health Reimbursement 725 725 1,389 7,311 (664) 0 0 755 42000•Special Projects 12,592 5,193 7,609 (1,465) 4,983 125 2,419 0 42600• Interest Income Investments 11,850 9,900 10,596 9,246 1,254 990 969 1,378 42800 • Interest Income Checking 3,044 2,574 2,399 2,123 645 248 260 101 42900•Visitor Guide Ad Income 30,000 30,000 0 21,981 30,000 0 0 0 43200• LOTO Income 18,600 5,000 2,625 350 15,975 5,000 1,550 350 98000•Transfer In Total Revenue 3,466,199 2,896,323 3,113,308 2,776,477 352,891 316,041 370,002 295,979 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 (3,334) 1,777 3,334 0 31 0 50001 -CVB Store-COGS 0 0 3,999 12,752 (3,999) 0 530 503 Total Cost of Goods Sold 0 0 665 14,529 (665) 0 561 503 Gross Profit 3,466,199 2,896,323 3,112,643 2,761,948 353,556 316,041 369,441 295,476 Page 1 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 CONSOLIDATED A& P COMMISSION 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures 61000-Signage-Tourism 10,400 8,900 7,652 8,618 2,748 500 535 1,268 61500 •Credit Card Fees 9,154 7,533 8,347 6,560 807 846 1,457 746 62500-Advertising&Marketing 526,000 451,000 549,920 306,317 (23,920) 40,000 31,732 19,076 62600• Printing/Brochures 150,000 135,000 54,652 141,225 95,348 0 117 14,935 62700•Website Update 12,000 10,000 6,085 4,500 5,915 1,000 1,000 500 63000-Accounting&Legal Fees 6,000 5,000 3,281 1,347 2,719 500 1,336 0 63100•Audit Expense 11,000 11,000 10,300 9,000 700 0 1,200 0 64000•Office Expense 18,850 16,000 16,627 12,999 2,223 1,650 3,605 1,798 64100•Visitor Store Expense 18,000 15,000 13,493 983 4,507 1,500 2,469 774 64150-Clinton House Gift Shop 5,000 5,000 2,338 0 2,662 1,000 0 0 64500• Insurance-Building 10,000 10,000 9,775 9,775 225 0 0 11,480 64501 -Insurance-Workers Comp 3,000 3,000 1,705 1,705 1,295 0 1,705 0 64502-Insurance-D&O 0 0 1,991 0 (1,991) 0 0 0 65000• Insurance&Health Benefits 122,717 101,639 82,748 80,388 39,969 10,539 8,838 8,702 65501 -Simple IRA Match 21,523 17,322 12,065 10,551 9,458 1,727 1,333 1,170 66000-Car Allowance 3,750 3,150 3,450 3,000 300 300 300 300 66500-Telephone Expense/Internet 17,604 14,778 17,709 14,452 (105) 1,657 2,871 2,037 67000 • Postage&Shipping Expense 23,260 18,760 18,949 24,275 4,311 2,000 4,049 1,914 67100-Tracking Software 24,100 23,600 16,321 4,672 7,779 0 4,785 0 68100• Rent 12,000 12,000 12,000 12,000 0 0 0 0 68400• Maintenance/Lawn 10,500 7,000 6,626 3,724 3,874 100 0 3,149 68500• Repairs&Maintenance Expense 162,350 136,650 115,528 80,900 46,822 14,850 15,604 7,760 68600• Peace Fountain Maintenance 7,500 6,250 9,906 2,420 (2,406) 625 920 180 68700• Linens 28,524 23,770 22,649 20,260 5,875 2,377 3,666 3,327 69500 • Publication&Dues 15,395 14,895 12,824 12,883 2,571 500 156 500 70000•Travel/Training Expense 69,901 61,515 52,888 49,004 17,013 4,192 2,492 7,286 70500•Taxes&Licenses 7,385 7,018 16,858 12,535 (9,473) 183 3,081 1,897 Page 2 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 CONSOLIDATED A& P COMMISSION 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures(cont.) 71000•Collections Expense 53,430 45,053 50,197 45,370 3,233 4,863 5,579 5,177 72000- Payroll Tax Expense 57,669 47,292 40,454 36,217 17,215 4,597 3,987 3,635 73000 •Convention Development 58,900 49,080 50,980 44,662 7,920 4,908 3,157 4,466 76500-Contract Labor 48,800 39,760 53,508 50,785 (4,708) 3,916 7,574 7,667 77500•Salaries Expense 659,610 526,609 500,853 441,776 158,757 51,476 51,230 45,321 77600-Relocation Expense 5,000 5,000 5,000 0 0 0 0 0 78000- Electric Utilities 77,906 66,977 61,049 62,567 16,857 6,890 5,503 12,991 78100•Gas Utility 13,401 10,234 12,542 8,417 859 538 495 534 78200•Water Utilitiy 10,366 8,896 8,341 8,816 2,025 979 1,097 977 78500•Security 2,700 2,250 1,660 2,920 1,040 225 22 412 78600•Airport Advertising 9,000 9,000 7,125 9,000 1,875 2,250 750 0 78700• Minor Equipment 108,000 103,000 95,948 106,269 12,052 11,000 420 524 78800•Airport Info Booth 4,800 4,800 3,600 2,400 1,200 1,200 800 0 94300• LOTO Special Project 10,000 0 4,515 0 5,485 0 0 0 95000• Misc.Special Projects-Other 267,148 259,749 199,934 832,000 67,214 125 52,612 18,809 95010- 1st Thursday 21,000 21,000 20,290 23,836 710 3,000 2,940 66 95020-Roots Festival 0 0 3,667 11,149 0 0 0 (1,279) 95026-Incidental Expenses 0 0 8,637 0 (8,637) 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 28,736 0 (28,736) 0 2,093 0 96500-Special Funding 0 0 0 0 0 0 0 0 97000• Bond Payments-Town Center 746,556 622,130 622,130 558,304 124,426 62,213 62,213 56,089 97100•Trustee Expense 6,000 6,000 0 3,375 6,000 1,500 0 0 99000•Transfer Out Total Expenditures 3,466,199 2,952,610 2,865,853 3,081,956 604,013 245,726 293,723 244,188 Excess of Revenues Over/(Under)Expenditures 0 (56,287) 246,790 1 (320,008) (250,457) 70,315 75,718 51,288 Page 3 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 FAYETTEVILLE A& P 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Revenue 40000• Hotel,Motel,Restaurant Taxes 2,775,419 2,320,654 2,486,827 2,230,397 288,592 250,423 278,309 258,757 40200• PY Hotel,Motel, Restaurant Tax 0 0 23,004 38,098 (23,004) 0 648 100 40600• Rental Income 0 0 0 0 0 0 0 0 40601 -Incidentals 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 40700• 1st Thursday Income 0 0 0 0 0 0 0 0 40800•Other Income 0 0 10,612 7,656 (10,612) 0 0 0 40900-Roots Festival 0 0 0 0 0 0 0 0 41000• Parking Revenue 0 0 0 0 0 0 0 0 41001 Parking Lease 0 0 0 0 0 0 0 0 41200 Gift Shop Sales 0 0 0 0 0 0 0 0 41300•Visitor Store 0 0 0 0 0 0 0 0 41400• Partership Income 0 0 0 0 0 0 0 0 41600•Admission Revenue 0 0 0 0 0 0 0 0 41700• Health Reimbursement 725 725 1,389 7,311 (664) 0 0 755 42000•Special Projects 0 0 0 0 0 0 0 0 42600• Interest Income Investments 11,850 9,900 10,596 9,246 1,254 990 969 1,378 42800 • Interest Income Checking 2,000 1,668 1,011 1,310 989 166 80 33 42900•Visitor Guide Ad Income 30,000 30,000 0 21,981 30,000 0 0 0 43200• LOTO Income 10,000 5,000 1,050 0 8,950 5,000 0 0 98000•Transfer In 0 0 0 50,000 0 0 0 50,000 Total Revenue 2,829,994 2,367,947 2,534,489 2,365,999 295,505 256,579 280,006 311,023 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 0 0 0 0 0 0 50001 -CVB Store-COGS 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 0 0 0 0 0 0 0 Gross Profit 2,829,994 2,367,947 2,534,489 2,365,999 295,505 256,579 280,006 311,023 Page 4 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 FAYETTEVILLE A& P 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures 61000-Signage-Tourism 10,400 8,900 7,585 8,618 2,815 500 535 1,268 61500 •Credit Card Fees 0 0 0 0 0 0 0 0 62500-Advertising&Marketing 525,000 450,000 547,579 305,360 (22,579) 40,000 31,162 19,076 62600• Printing/Brochures 150,000 135,000 54,049 141,225 95,951 0 0 14,935 62700•Website Update 12,000 10,000 6,085 4,500 5,915 1,000 1,000 500 63000-Accounting&Legal Fees 6,000 5,000 3,281 1,347 2,719 500 1,336 0 63100•Audit Expense 11,000 11,000 10,300 9,000 700 0 1,200 0 64000•Office Expense 2,400 2,000 2,578 1,738 (178) 200 677 45 64100•Visitor Store Expense 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 0 0 0 0 0 0 0 0 64500• Insurance-Building 10,000 10,000 9,775 9,775 225 0 0 11,480 64501 -Insurance-Workers Comp 3,000 3,000 1,705 1,705 1,295 0 1,705 0 64502-Insurance-D&O 0 0 1,991 0 (1,991) 0 0 0 65000• Insurance&Health Benefits 8,861 7,455 7,085 20,722 1,776 703 680 1,967 65501 -Simple IRA Match 6,182 4,902 1,788 3,525 4,394 485 222 393 66000-Car Allowance 3,750 3,150 3,450 3,000 300 300 300 300 66500-Telephone Expense/Internet 0 0 1,206 85 (1,206) 0 0 85 67000 • Postage&Shipping Expense 23,000 18,500 18,851 23,902 4,149 2,000 4,049 1,881 67100-Tracking Software 0 0 489 0 (489) 0 0 0 68100• Rent 0 0 0 0 0 0 0 0 68400• Maintenance/Lawn 9,500 6,000 0 3,149 9,500 0 0 3,149 68500• Repairs&Maintenance Expense 75,000 62,500 35,213 11,984 39,787 6,250 7,324 384 68600• Peace Fountain Maintenance 7,500 6,250 9,906 2,420 (2,406) 625 920 180 68700• Linens 0 0 0 77 0 0 0 0 69500 • Publication&Dues 14,000 13,500 12,104 12,119 1,896 500 56 500 70000•Travel/Training Expense 13,595 13,595 3,673 2,275 9,922 0 0 1,224 70500•Taxes&Licenses 0 0 2,942 2,434 (2,942) 0 1,905 44 Page 5 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 FAYETTEVILLE A& P 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures(cont.) 71000•Collections Expense 53,430 45,053 50,197 45,370 3,233 4,863 5,579 5,177 72000- Payroll Tax Expense 11,786 10,042 9,665 11,144 2,121 872 831 887 73000 •Convention Development 0 0 2,354 35 (2,354) 0 0 0 76500-Contract Labor 0 0 0 5,088 0 0 0 1,344 77500•Salaries Expense 138,650 112,679 118,648 137,031 20,002 10,083 10,565 11,301 77600-Relocation Expense 5,000 5,000 5,000 0 0 0 0 0 78000- Electric Utilities 0 0 0 0 0 0 0 0 78100•Gas Utility 0 0 0 0 0 0 0 0 78200•Water Utilitiy 0 0 0 0 0 0 0 0 78500•Security 0 0 0 0 0 0 0 0 78600•Airport Advertising 9,000 9,000 7,125 9,000 1,875 2,250 750 0 78700• Minor Equipment 100,000 95,000 91,456 106,006 8,544 11,000 0 524 78800•Airport Info Booth 4,800 4,800 3,600 2,400 1,200 1,200 800 0 94300• LOTO Special Project 10,000 0 65 0 9,935 0 0 0 95000• Misc.Special Projects-Other 254,556 254,556 184,640 759,620 69,916 0 52,297 4,102 95010- 1st Thursday 0 0 0 2,200 0 0 0 0 95020-Roots Festival 0 0 0 0 0 0 0 0 95026-Incidental Expenses 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 96500-Special Funding 0 0 0 0 0 0 0 0 97000• Bond Payments-Town Center 746,556 622,130 622,130 558,304 124,426 62,213 62,213 56,089 97100•Trustee Expense 6,000 6,000 0 3,375 6,000 1,500 0 0 99000•Transfer Out 599,028 599,028 315,000 115,000 284,028 0 0 50,000 Total Expenditures 2,829,994 2,534,040 2,151,515 2,323,533 678,479 147,044 186,106 186,835 Excess of Revenues Over/(Under)Expenditures 0 (166,093) 382,974 1 42,466 1 (382,974) 109,535 93,900 124,188 Page 6 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 CLINTON HOUSE 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual Month Actual Balance of Budget Actual Month Budget Revenue 40000• Hotel,Motel,Restaurant Taxes 0 0 0 0 0 0 0 0 40200• PY Hotel,Motel, Restaurant Tax 0 0 0 0 0 0 0 0 40600• Rental Income 350 350 550 0 (200) 100 0 0 40601 -Incidentals 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 40700• 1st Thursday Income 0 0 0 0 0 0 0 0 40800•Other Income 200 150 150 350 50 0 0 0 40900-Roots Festival 0 0 0 0 0 0 0 0 41000• Parking Revenue 0 0 0 0 0 0 0 0 41001 Parking Lease 0 0 0 0 0 0 0 0 41200 Gift Shop Sales 6,150 5,750 5,375 5,684 775 200 435 482 41300•Visitor Store 0 0 0 0 0 0 0 0 41400• Partership Income 0 0 0 0 0 0 0 0 41600•Admission Revenue 13,150 12,450 14,893 13,535 (1,743) 1,000 1,485 2,749 41700• Health Reimbursement 0 0 0 0 0 0 0 0 42000•Special Projects 0 0 1,715 0 (1,715) 0 1,540 0 42600• Interest Income Investments 0 0 0 0 0 0 0 0 42800 • Interest Income Checking 73 61 71 59 2 6 12 7 42900•Visitor Guide Ad Income 0 0 0 0 0 0 0 0 43200• LOTO Income 0 0 0 0 0 0 0 0 98000•Transfer In 83,082 83,082 50,000 15,000 33,082 0 0 50,000 Total Revenue 103,005 101,843 72,754 34,628 30,251 1,306 3,472 53,238 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 (3,334) 1,777 3,334 0 31 0 50001 -CVB Store-COGS 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 0 (3,334) 1,777 3,334 0 31 0 Gross Profit 103,005 101,843 76,088 32,851 26,917 1,306 3,441 53,238 Page 7 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 CLINTON HOUSE 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual Month Actual Balance of Budget Actual Month Budget Expenditures 61000-Signage-Tourism 0 0 0 0 0 0 0 0 61500 •Credit Card Fees 1,200 1,000 641 599 559 100 45 57 62500-Advertising&Marketing 0 0 0 0 0 0 0 0 62600• Printing/Brochures 0 0 0 0 0 0 0 0 62700•Website Update 0 0 0 0 0 0 0 0 63000-Accounting&Legal Fees 0 0 0 0 0 0 0 0 63100•Audit Expense 0 0 0 0 0 0 0 0 64000•Office Expense 3,550 3,000 1,798 2,489 1,752 500 438 411 64100•Visitor Store Expense 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 5,000 5,000 2,338 0 2,662 1,000 0 0 64500• Insurance-Building 0 0 0 0 0 0 0 0 64501 -Insurance-Workers Comp 0 0 0 0 0 0 0 0 64502-Insurance-D&O 0 0 0 0 0 0 0 0 65000• Insurance&Health Benefits 8,139 6,733 6,555 6,812 1,584 703 680 637 65501 -Simple IRA Match 1,297 1,030 1,024 931 273 103 102 93 66000-Car Allowance 0 0 0 0 0 0 0 0 66500-Telephone Expense/Internet 1,270 1,060 1,235 1,052 35 105 145 104 67000 • Postage&Shipping Expense 0 0 0 0 0 0 0 0 67100-Tracking Software 0 0 0 0 0 0 0 0 68100• Rent 12,000 12,000 12,000 12,000 0 0 0 0 68400• Maintenance/Lawn 1,000 1,000 6,626 575 (5,626) 100 0 0 68500• Repairs&Maintenance Expense 1,500 1,500 672 162 828 500 80 0 68600• Peace Fountain Maintenance 0 0 0 0 0 0 0 0 68700• Linens 0 0 0 0 0 0 0 0 69500 • Publication&Dues 210 210 210 210 0 0 0 0 70000•Travel/Training Expense 2,000 2,000 1,085 458 915 0 0 0 70500•Taxes&Licenses 1,200 1,000 435 463 765 100 17 84 Page 8 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 CLINTON HOUSE 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual Month Actual Balance of Budget Actual Month Budget Expenditures(cont.) 71000•Collections Expense 0 0 0 0 0 0 0 0 72000- Payroll Tax Expense 3,868 3,070 2,719 2,518 1,149 307 261 237 73000 •Convention Development 0 0 0 512 0 0 0 512 76500-Contract Labor 11,400 8,600 8,471 7,150 2,929 800 760 720 77500•Salaries Expense 43,015 34,140 34,131 31,028 8,884 3,414 3,413 3,103 77600-Relocation Expense 0 0 0 0 0 0 0 0 78000- Electric Utilities 1,483 1,283 1,114 959 369 200 99 88 78100•Gas Utility 1,119 944 942 673 177 30 27 25 78200•Water Utilitiy 1,454 1,362 828 1,307 626 175 163 175 78500•Security 300 250 220 220 80 25 22 22 78600•Airport Advertising 0 0 0 0 0 0 0 0 78700• Minor Equipment 2,000 2,000 980 0 1,020 0 208 0 78800•Airport Info Booth 0 0 0 0 0 0 0 0 94300• LOTO Special Project 0 0 0 0 0 0 0 0 95000• Misc.Special Projects-Other 0 0 332 1,306 (332) 0 0 152 95010- 1st Thursday 0 0 0 0 0 0 0 0 95020-Roots Festival 0 0 0 0 0 0 0 0 95026-Incidental Expenses 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 0 96500-Special Funding 0 0 0 0 0 0 0 0 97000• Bond Payments-Town Center 0 0 0 0 0 0 0 0 97100•Trustee Expense 0 0 0 0 0 0 0 0 99000•Transfer Out 0 0 0 0 0 0 0 0 Total Expenditures 103,005 87,182 84,356 71,424 18,649 8,162 6,460 6,420 Excess of Revenues Over/(Under)Expenditures 0 14,661 (8,268) (38,573) 8,268 1 (6,856) (3,019) 46,818 Page 9 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 TOWN CENTER 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Revenue 40000• Hotel,Motel,Restaurant Taxes 0 0 0 0 0 0 0 0 40200• PY Hotel,Motel, Restaurant Tax 0 0 0 0 0 0 0 0 40600• Rental Income 426,711 359,460 381,340 300,302 45,371 43,715 58,626 24,740 40601 -Incidentals 47,978 41,935 40,722 55,422 7,256 6,831 6,467 0 40602-Alcohol Sales 33,663 26,729 50,471 0 (16,808) 3,159 10,023 0 40700• 1st Thursday Income 0 0 0 0 0 0 0 0 40800•Other Income 0 0 1,392 27 (1,392) 0 0 0 40900-Roots Festival 0 0 0 15,265 0 0 0 0 41000• Parking Revenue 16,936 13,047 12,190 10,112 4,746 0 975 0 41001 Parking Lease 12,831 10,406 19,814 6,453 (6,983) 250 5,584 250 41200 Gift Shop Sales 0 0 0 0 0 0 0 0 41300•Visitor Store 0 0 0 0 0 0 0 0 41400• Partership Income 0 0 0 0 0 0 0 0 41600•Admission Revenue 0 0 0 0 0 0 0 0 41700• Health Reimbursement 0 0 0 0 0 0 0 0 42000•Special Projects 12,592 5,193 5,894 (1,465) 6,698 125 879 0 42600• Interest Income Investments 0 0 0 0 0 0 0 0 42800 • Interest Income Checking 721 635 907 635 (186) 56 109 56 42900•Visitor Guide Ad Income 0 0 0 0 0 0 0 0 43200• LOTO Income 0 0 0 0 0 0 0 0 98000•Transfer In 0 0 0 0 0 0 0 0 Total Revenue 551,432 457,405 512,730 386,751 38,702 54,136 82,663 25,046 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 0 0 0 0 0 0 50001 -CVB Store-COGS 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 0 0 0 0 0 0 0 Gross Profit 551,432 457,405 512,730 386,751 38,702 54,136 82,663 25,046 Page 10 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 TOWN CENTER 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures 61000-Signage-Tourism 0 0 0 0 0 0 0 0 61500 •Credit Card Fees 5,814 4,793 6,811 4,406 (997) 546 1,354 546 62500-Advertising&Marketing 1,000 1,000 621 0 379 0 0 0 62600• Printing/Brochures 0 0 0 0 0 0 0 0 62700•Website Update 0 0 0 0 0 0 0 0 63000-Accounting&Legal Fees 0 0 0 0 0 0 0 0 63100•Audit Expense 0 0 0 0 0 0 0 0 64000•Office Expense 5,400 4,500 7,467 4,034 (2,067) 450 1,322 685 64100•Visitor Store Expense 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 0 0 0 0 0 0 0 0 64500• Insurance-Building 0 0 0 0 0 0 0 0 64501 -Insurance-Workers Comp 0 0 0 0 0 0 0 0 64502-Insurance-D&O 0 0 0 0 0 0 0 0 65000• Insurance&Health Benefits 40,695 33,665 31,575 26,060 9,120 3,515 3,399 2,549 65501 -Simple IRA Match 5,796 4,830 3,940 3,208 1,856 483 475 321 66000-Car Allowance 0 0 0 0 0 0 0 0 66500-Telephone Expense/Internet 7,684 6,368 5,925 6,361 1,759 652 740 651 67000 • Postage&Shipping Expense 260 260 15 0 245 0 0 0 67100-Tracking Software 0 0 0 0 0 0 0 0 68100• Rent 0 0 0 0 0 0 0 0 68400• Maintenance/Lawn 0 0 0 0 0 0 0 0 68500• Repairs&Maintenance Expense 84,000 71,000 77,715 67,145 6,285 8,000 8,108 7,277 68600• Peace Fountain Maintenance 0 0 0 0 0 0 0 0 68700• Linens 28,524 23,770 22,649 20,183 5,875 2,377 3,666 3,327 69500 • Publication&Dues 0 0 0 0 0 0 0 0 70000•Travel/Training Expense 4,000 4,000 5,711 9,240 (1,711) 0 20 0 70500•Taxes&Licenses 5,000 4,833 10,924 6,623 (5,924) 83 983 940 Page 11 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 TOWN CENTER 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures(cont.) 71000•Collections Expense 0 0 0 0 0 0 0 0 72000- Payroll Tax Expense 17,246 14,480 12,545 11,251 4,701 1,448 1,288 1,259 73000 •Convention Development 0 0 724 0 (724) 0 547 0 76500-Contract Labor 37,400 31,160 45,037 37,139 (7,637) 3,116 6,814 5,483 77500•Salaries Expense 202,784 160,940 155,050 137,617 47,734 16,094 16,342 15,362 77600-Relocation Expense 0 0 0 0 0 0 0 0 78000- Electric Utilities 70,298 60,569 54,899 56,552 15,399 6,340 4,938 12,555 78100•Gas Utility 12,282 9,290 11,600 7,744 682 508 468 509 78200•Water Utilitiy 8,257 6,979 7,011 6,977 1,246 754 881 754 78500•Security 2,400 2,000 1,440 2,580 960 200 0 390 78600•Airport Advertising 0 0 0 0 0 0 0 0 78700• Minor Equipment 0 0 370 0 (370) 0 0 0 78800•Airport Info Booth 0 0 0 0 0 0 0 0 94300• LOTO Special Project 0 0 0 0 0 0 0 0 95000• Misc.Special Projects-Other 12,592 5,193 14,433 70,022 (1,841) 125 315 14,555 95010- 1st Thursday 0 0 0 0 0 0 0 0 95020-Roots Festival 0 0 3,667 11,149 0 0 0 (1,279) 95026-Incidental Expenses 0 0 8,637 0 (8,637) 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 28,736 0 (28,736) 0 2,093 96500-Special Funding 0 0 0 0 0 0 0 0 97000• Bond Payments-Town Center 0 0 0 0 0 0 0 0 97100•Trustee Expense 0 0 0 0 0 0 0 0 99000•Transfer Out 0 0 0 50,000 0 0 0 50,000 Total Expenditures 551,432 449,630 517,502 538,291 37,597 44,691 53,753 115,884 Excess of Revenues Over/(Under)Expenditures 0 7,775 (4,772) (151,540) 1,105 1 9,445 28,910 (90,838) Page 12 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 VISITOR CENTER 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Revenue 40000• Hotel,Motel,Restaurant Taxes 0 0 0 0 0 0 0 0 40200• PY Hotel,Motel, Restaurant Tax 0 0 0 0 0 0 0 0 40600• Rental Income 0 0 0 0 0 0 0 0 40601 -Incidentals 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 40700. 1stThursday Income 20,000 20,000 16,856 18,506 3,144 2,000 15 1,991 40800•Other Income 0 0 174 2,938 (174) 0 0 150 40900-Roots Festival 0 0 0 0 0 0 0 0 41000• Parking Revenue 0 0 0 0 0 0 0 0 41001 Parking Lease 0 0 0 0 0 0 0 0 41200 Gift Shop Sales 0 0 0 0 0 0 0 0 41300•Visitor Store 32,000 28,000 22,370 30,061 9,630 2,000 1,937 2,901 41400• Partership Income 4,000 4,000 1,950 2,125 2,050 0 300 1,275 41600•Admission Revenue 0 0 0 0 0 0 0 0 41700• Health Reimbursement 0 0 0 0 0 0 0 0 42000•Special Projects 0 0 0 0 0 0 0 0 42600• Interest Income Investments 0 0 0 0 0 0 0 0 42800 • Interest Income Checking 250 210 410 119 (160) 20 59 5 42900•Visitor Guide Ad Income 0 0 0 0 0 0 0 0 43200• LOTO Income 8,600 0 1,575 350 7,025 0 1,550 350 98000•Transfer In 515,946 515,946 265,000 100,000 250,946 0 0 50,000 Total Revenue 580,796 568,156 308,335 154,099 272,461 4,020 3,861 56,672 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 0 0 0 0 0 0 50001 -CVB Store-COGS 0 0 3,999 12,752 (3,999) 0 530 503 Total Cost of Goods Sold 0 0 3,999 12,752 (3,999) 0 530 503 Gross Profit 580,796 568,156 304,336 141,347 276,460 4,020 3,331 56,169 Page 13 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 VISITOR CENTER 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures 61000-Signage-Tourism 0 0 67 0 (67) 0 0 0 61500 •Credit Card Fees 2,140 1,740 895 1,555 1,245 200 58 143 62500-Advertising&Marketing 0 0 1,720 957 (1,720) 0 570 0 62600• Printing/Brochures 0 0 603 0 (603) 0 117 0 62700•Website Update 0 0 0 0 0 0 0 0 63000-Accounting&Legal Fees 0 0 0 0 0 0 0 0 63100•Audit Expense 0 0 0 0 0 0 0 0 64000•Office Expense 7,500 6,500 4,784 4,738 2,716 500 1,168 657 64100•Visitor Store Expense 18,000 15,000 13,493 983 4,507 1,500 2,469 774 64150-Clinton House Gift Shop 0 0 0 0 0 0 0 0 64500• Insurance-Building 0 0 0 0 0 0 0 0 64501 -Insurance-Workers Comp 0 0 0 0 0 0 0 0 64502-Insurance-D&O 0 0 0 0 0 0 0 0 65000• Insurance&Health Benefits 65,022 53,786 37,533 26,794 27,489 5,618 4,079 3,549 65501 -Simple IRA Match 8,248 6,560 5,313 2,887 2,935 656 534 363 66000-Car Allowance 0 0 0 0 0 0 0 0 66500-Telephone Expense/Internet 8,650 7,350 9,343 6,954 (693) 900 1,986 1,197 67000 • Postage&Shipping Expense 0 0 83 373 (83) 0 0 33 67100-Tracking Software 24,100 23,600 15,832 4,672 8,268 0 4,785 0 68100• Rent 0 0 0 0 0 0 0 0 68400• Maintenance/Lawn 0 0 0 0 0 0 0 0 68500• Repairs&Maintenance Expense 1,850 1,650 1,928 1,609 (78) 100 92 99 68600• Peace Fountain Maintenance 0 0 0 0 0 0 0 0 68700• Linens 0 0 0 0 0 0 0 0 69500 • Publication&Dues 1,185 1,185 510 554 675 0 100 ]829 70000•Travel/Training Expense 50,306 41,920 42,419 37,031 7,887 4,192 2,472 6, 70500•Taxes&Licenses 1,185 1,185 2,557 3,015 (1,372) 0 176 Page 14 of 15 Modified Accrual Fayetteville A P Commission Statement of Budget, Revenue and Expense October YTD 2015 VISITOR CENTER 2015 October 2015 Year-to-Date 2014 2015 October 2015 Month 2014 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures(cont.) 71000•Collections Expense 0 0 0 0 0 0 0 0 72000- Payroll Tax Expense 24,769 19,700 15,525 11,304 9,244 1,970 1,607 1,252 73000 •Convention Development 58,900 49,080 47,902 44,115 10,998 4,908 2,610 3,954 76500-Contract Labor 0 0 0 1,408 0 0 0 120 77500•Salaries Expense 275,161 218,850 193,024 136,100 82,137 21,885 20,910 15,555 77600-Relocation Expense 0 0 0 0 0 0 0 0 78000- Electric Utilities 6,125 5,125 5,036 5,056 1,089 350 466 348 78100•Gas Utility 0 0 0 0 0 0 0 0 78200•Water Utilitiy 655 555 502 532 153 50 53 48 78500•Security 0 0 0 120 0 0 0 0 78600•Airport Advertising 0 0 0 0 0 0 0 0 78700• Minor Equipment 6,000 6,000 3,142 263 2,858 0 212 0 78800•Airport Info Booth 0 0 0 0 0 0 0 0 94300• LOTO Special Project 0 0 4,450 0 (4,450) 0 0 0 95000• Misc.Special Projects-Other 0 0 529 1,052 (529) 0 0 0 95010- 1st Thursday 21,000 21,000 20,290 21,636 710 3,000 2,940 66 95020-Roots Festival 0 0 0 0 0 0 0 0 95026-Incidental Expenses 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 0 96500-Special Funding 0 0 0 0 0 0 0 0 97000• Bond Payments-Town Center 0 0 0 0 0 0 0 0 97100•Trustee Expense 0 0 0 0 0 0 0 0 99000•Transfer Out 0 0 0 0 0 0 0 0 Total Expenditures 580,796 480,786 427,480 313,708 153,316 45,829 47,404 35,049 Excess of Revenues Over/(Under)Expenditures 0 87,370 (123,144) (172,361) 123,144 1 (41,809) (44,073) 21,120 Page 15 of 15